A summary of the main blogs of the week …
The FinTech Wave, Part One (part two next week)
I wrote a blog the other day for The Next Web. I thought it was ok, and it has gained a lot of traction socially. Apparently, people like it and here I’m going to expand upon the basic theme to give a detailed analysis of how …
Most thinking about poverty is wrong
There are basic human needs: food, drink, sleep … wifi. Once those are covered, everything else is supplemental. It’s not needed. It’s just stuff you want. If you can eat, drink and sleep comfortably, what else is there? I only ask this question because I …
GAFA have already opened banks … just not in America
I heard a rumour the other day. The rumour goes something like: are you not surprised that banks grow into big beasts, as it’s government supported? Governments want banks to be big and regulated, because governments can then access the data the bank is keeping …
An interview with Tom Blomfield, co-founder of Monzo
The first job Tom Blomfield (left in photo) ever had was delivering leaflets for estate agent Wilson Heal. He lasted one day in the cold December rain before convincing the guys that leaflets were old school and they really needed a website, which Tom then …
This week we also published Part Six of our series on how the internet has and will develop:
web 5.0, the 2030s and Samantha
There’s a line in the 2013 film Her, it’s not just an operating system, it’s a consciousness. The film is about Theodore, played by Joaquin Phoenix. Theodore is a lonely writer who gets to trial a new operating system OS1, the world’s first artificially intelligent …
In case you missed them, here’s the previous five articles:
The Birth of Computing and Development of the Web
The last chapter of ValueWeb talks about what comes after the third-generation internet: the internet of value. This is the internet being built today, based upon shared ledgers, cloud, apps, APIs and analytics. Of course, the next generation is the internet of things. But …
web 1.0, the 1990s and the arrival of Elon Musk and mates
Web 1.0 – the network begins As mentioned yesterday, almost half a century of developments in technology led to the launch of the web as we know it today, following Tim Berners-Lee’s paper detailing HTML and URLs. This was in 1990 and, consequently, the internet …
web 2.0, the 2000s and lovely jubbly, social networking
From the origins of the internet in 1990, the end of the 1990s saw the emergence of e-commerce and a plethora of payments services and commercial websites. Then not a great deal happened until the internet became social. Blog platforms like WordPress and Typepad emerged …
web 3.0, the 2010s and an internet of markets
Now we move onto the third-generation internet, web 3.0. What is web 3.0? It’s not been well defined or described. Many would say it’s the internet of things, but I disagree. The internet of things is emerging, but it cannot exist until a bridge between …
web 4.0, the 2020s and the Internet of Things
We are already entering the fourth-generation internet, the internet of things, but it won’t really take off until the next decade, the 2020s. Sure, we have self-driving Teslas and Nest home appliances, along with Samsung’s Smart Things, but it’s not mainstream yet. For example, none …
The key headlines of the past week include …
Digital challenger bank Monzo's just raised millions more and plans fresh crowdfunding - City AM
Digital challenger bank Monzo has landed a new multimillion pound round of funding from fresh investors valuing it at £65m.
EU’s ‘currency nationalism’ could splinter world’s financial system, warns Bank of England deputy - The Telegraph
Metro boss eyes parts of Co-op Bank but rules out full bid - The Telegraph
How's your online bank security looking? The Dutch studied theirs and... yeah, not great - The Register
In a new report published Tuesday, the internet registry SIDN was surprised to find that just six per cent of banks using .nl internet addresses have the security protocol DNSSEC in place to protect their digital assets and their customers.
HSBC faces FCA probe into anti-money laundering controls as profits plunge - The Telegraph
TransferWise launches international money transfers via Facebook - Reuters
NEW YORK (Reuters) - Money transfer company TransferWise has launched a new service that allows users to send money internationally through Facebook Inc's chat application, as competition in the digital payments landscape intensifies.
Digital bank Atom tries to find its voice with £4m Will.i.am deal - Sky News
The Black Eyed Peas rapper has struck a deal that could hand him a multimillion pound stake in Atom Bank, Sky News learns.
Royal Bank of Scotland confirms plan to stop sale of Williams & Glyn - The Telegraph
Deutsche Bank examined Donald Trump's account for Russia links - The Guardian
Bank looked for evidence of whether loans to president were underpinned by guarantees from Moscow, Guardian learns
Want a bank with lots of branches? This is the definitive list - The Telegraph
High-street banks have closed more than 500 branches in the past year. There are still more than 10,000 left - but they're not evenly spread between different companies.
If you like the Finanser, check out our latest book: ValueWeb
The Financial Services Club is sponsored by:
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
